Iran to hold tender for South Azadegan wells

TEHRAN June 23 (Shana)–Iran’s Petroleum Minister Bijan Namdar Zanganeh said drilling of 40 wells in the massive South Azadegan field is to be put to tender soon.

 Zanganeh said drilling of 40 wells has already been commissioned to National Iranian Drilling Company (NIDC) following the cancellation of a contract with China National Petroleum Corporation (CNPC).

“Based on plans, 150 wells are to be drilled in the first phase in South Azadegan. The number of wells will soar to 185 in the second phase,” he said.
CNPC’s several years of foot-dragging on the development of South Azadegan, shared with neighboring Iraq, ended in the termination of cooperation with this contractor.
In the first phase of the development of South Azadegan field, 320,000 b/d of crude will be recovered. For that purpose, 385 wells need to be drilled in this field. So far, 12 wells have been drilled. The initial budget approved for the development of South Azadegan is 500 million dollars plus 500 trillion rials.



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